TETHER - USDT/USD - 1H - Technical analysis published on 01/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 0.999800 USD
My targets
0.999450 USD (-0.02%)
0.998411 USD (-0.12%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TETHER - USDT/USD as long as the price remains well below 0.999800 USD. The sellers' bearish objective is set at 0.999450 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.998411 USD. In case of crossing, the next objective would be the support located at 0.997800 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
The TETHER - USDT/USD price is 0.999600 USD. The price is lower by -0.01% since the last closing and was traded between 0.999600 USD and 0.999800 USD over the period. The price is currently at 0% from its lowest and -0.02% from its highest.0.999600
0.999800
0.999600
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TETHER - USDT/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.998900 | 0.999450 | 0.999500 | 0.999600 | 0.999600 | 0.999800 | 0.999900 |
| Change (%) | -0.07% | -0.02% | -0.01% | 0% | - | +0.02% | +0.03% |
| Change | -0.000700 | -0.000150 | -0.000100 | 0 | - | +0.000200 | +0.000300 |
| Level | Intermediate | Major | Minor | Intermediate | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.999267 | 0.999433 | 0.999567 | 0.999733 | 0.999867 | 1.000033 | 1.000167 |
| Camarilla | 0.999618 | 0.999645 | 0.999673 | 0.999700 | 0.999728 | 0.999755 | 0.999783 |
| Woodie | 0.999250 | 0.999425 | 0.999550 | 0.999725 | 0.999850 | 1.000025 | 1.000150 |
| Fibonacci | 0.999433 | 0.999548 | 0.999619 | 0.999733 | 0.999848 | 0.999919 | 1.000033 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.999033 | 0.999267 | 0.999533 | 0.999767 | 1.000033 | 1.000267 | 1.000533 |
| Camarilla | 0.999663 | 0.999708 | 0.999754 | 0.999800 | 0.999846 | 0.999892 | 0.999938 |
| Woodie | 0.999050 | 0.999275 | 0.999550 | 0.999775 | 1.000050 | 1.000275 | 1.000550 |
| Fibonacci | 0.999267 | 0.999458 | 0.999576 | 0.999767 | 0.999958 | 1.000076 | 1.000267 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.997533 | 0.998467 | 0.999133 | 1.000067 | 1.000733 | 1.001667 | 1.002333 |
| Camarilla | 0.999360 | 0.999507 | 0.999653 | 0.999800 | 0.999947 | 1.000093 | 1.000240 |
| Woodie | 0.997400 | 0.998400 | 0.999000 | 1.000000 | 1.000600 | 1.001600 | 1.002200 |
| Fibonacci | 0.998467 | 0.999078 | 0.999456 | 1.000067 | 1.000678 | 1.001056 | 1.001667 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -12.921878 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.999702 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.999871 | |
| Elder Ray (13): | -0.000076 | |
| Super Trend (3,10): | 0.999910 | |
| Zig ZAG (10): | 0.999700 | |
| VORTEX (21): | 0.9524 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 0.999679 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | 0.0018 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.999714 | |
| MA20: | 0.999855 | |
| MA50: | 0.999692 | |
| MA100: | 0.999782 | |
| MAexp7: | 0.999712 | |
| MAexp20: | 0.999735 | |
| MAexp50: | 0.999742 | |
| MAexp100: | 0.999744 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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